Investment Value In KIT Batang Capai Rp16 Billion

Illustration (Photo: Doc Antara)

JAKARTA - The Integrated Industrial Zone (KIT) in Batang Regency, Central Java, has recorded an investment figure to date which has touched IDR 16 trillion.

"Yesterday, the inauguration of the President was Rp. 14 trillion with the entry of the American Solar SEG, now it is around Rp. 16 trillion, and the 'committed' continues to enter," said KIT President Director Batang Ngurah Wirawan as quoted by ANTARA, Friday, October 4.

This was conveyed after the inauguration of the Wavin Factory in Grand Batang City, KIT Batang, Batang Regency, with an investment value of IDR 825 billion.

Along with Wavin, who is a company based in the Netherlands, he said, KIT Batang also came to KCC Glass, which is an investor from South Korea.

"Korean investors are 100 percent foreign investment (PMA), these Dutch investors are 100 percent as well as PMA. We are grateful that foreign industries want to build, want to operate and want to produce technological goods (at KIT Batang, ed.)," he said.

He hopes that the increasing number of PMA investors entering will attract the attention of other potential investors to invest in KIT Batang

"Just 'Wong' Korea wants, the Netherlands wants to (invest in KIT Batang), don't we cook something else? We hope so," said Ngurah.

The Wavin piping manufacturer is one of the business units of Orbia that has just inaugurated its new factory in the Batang Integrated Industrial Zone (KIT Batang) which is the largest in the Asian region.

Chief Executive Officer (CEO) Orbia totaling S. Bharadwaj stated that investing in KIT Batang is an important strategic step.

"With the presence of this factory, we bring innovative solutions for water management to markets that are in dire need and have great opportunities. This is part of our mission to improve the quality of life around the world," he said.

As part of efforts to meet local market needs, Wavin has also launched its newest exclusive product, Wavin PVC+, which presents wastewater drainage technology that is easy to install and very reliable.

The new Wavin facility stands on an area of 20 hectares and is equipped with advanced manufacturing technology.

Meanwhile, President of Orbia Building and Infrastructure Freek CRum said that the presence of a factory at KIT Batang is a real commitment of the company to encourage sustainable growth in Indonesia and the Asia Pacific region.

"With this facility, we can reach more markets, create jobs, and increase economic activity around the Batang area," he said.

Director of Indonesia/SEA+S&T Orbia Johannes Dress added that the production at the factory will also be exported, especially in the ASEAN l region, such as Singapore and Vietnam, and Australia.

In fact, currently the domestic component level (TKDN) of Wavin has reached more than 90 percent, and will continue to strive to increase.